AGS 0.00% 17.5¢ alliance resources limited

I can only guess but I think court. From what I learn on HC...

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    963 Posts.
    I can only guess but I think court.

    From what I learn on HC Heathgate concede they didnt tell AGS all they knew about prospectivity at 4 mile. They are saying they didnt have a duty to inform AGS and it was technical, which I assume means not material. We have to go back to the circumstances prevailing when the extention was granted. What the exploration indicated ( a resource of how many lb.) and the economics and feasibility of options AGS had. Its been said that had AGS known what was in the ground they wouldnt have granted an extention. You do a deal with your neighbour to explore your land for a share of what they find, they find something and you say thanks but you would rather keep it all? Good business but sounds a bit dubious.
    I thing Heathgate will take there chances and fight the case.
 
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